The Maturity Gap
It seems that, as a general rule, the Profession feels more comfortable with project management than with portfolio management. Only 26% of respondents rate themselves as have a project maturity level below "medium". Ask the same question about portfolio management and 38% self-report themselves to be below "medium".
What is Portfolio Management?
For the last 15 years, the industry has been focused on executing projects. The rise and rise of PPM software and project methodologies has transformed project success rates, they seem to have plateaued in the region of the mid-60% mark. More and more PMs are attaining some form of accreditation and the level of knowledge around supporting projects within executive teams is growing (slowly).